Sally Beauty reports Q1 adjusted EPS 39c, consensus 37c

Reports Q1 revenue $931M, consensus $929.56M. “We are pleased with our start to the year, delivering results in line with our expectations while continuing to make solid progress on our strategic initiatives to drive top line growth and improve profitability over the long-term,” said CEO Denise Paulonis. “During the quarter, our teams executed well as we continued to focus on customer centricity, and bringing innovation, education and new services to our customers. The business generated solid cash flow from operations of more than $50M in the quarter, allowing us to return value to shareholders through our share repurchase program.”